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News Siam Cement acquires majority stake in Thai building materials producer

Siam Cement acquires majority stake in Thai building materials producer

Written by Global Cement staff 09 July 2014
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Thailand: Siam Cement Group's subsidiary SCG Cement has acquired a 55% stake in Thai cement-bonded particleboard maker Panel World for US$17.2m. Panel World has an annual production capacity of 2.4Mm2 and is set to double after a new production line starts operating by the end of 2014. Panel World posted a net profit of US$2.53m in 2013 on sales of US$9.81m.

"SCG is determined to increase its competitiveness and strive to be a market leader in building materials," said SCG's president and CEO Kan Trakulhoon.

Published in Global Cement News
Tagged under
  • Thailand
  • Siam Cement
  • SCG Cement
  • Panel World
  • GCW158

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